Giving property investors a an unimpressive capital gain of -0.83% for the last year, Newstead, 4006 is the 1172th highest performer in Australia in this respect.

Over the longer term, Newstead has seen property prices show investors a 3.19% return over the last 3 years. This is worse than over the last 12 months

Our latest figures would indicate that property sellers in Newstead are currently offering property investors an average price cut of -7.06% below the asking price at the moment.

Renters in Suburb are facing rents around $5880 per annum or $490 every week.

Information supplied by:

YIP MAG
June 2016

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Brisbane’s issues related to possible apartment oversupply have been well publicised recently, and it appears Newstead may suffering from just that.Full summary
Brisbane’s issues related to possible apartment oversupply have been well publicised recently, and it appears Newstead may suffering from just that.

On the banks of the Brisbane River in the city’s northeast, Newstead has an extremely elevated vacancy rate, according to Real Estate Investar (REI).

REI reports that Newstead’s vacancy rate currently sits at 12.71%, having increased from 5.23% in the past 12 months.

For those landlords who are able to find a tenant, the median weekly rent of $523 is delivering a rental yield of 4%.

In terms of capital growth, the median unit price is $650,000 and has increased 12% in the last year; however, it has fallen 13% over the past five years.

New buyers don’t seem to be flocking to Newstead either, with units in the suburb spending an average of 89 days on the market.Close

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